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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.03

+3.0%

Nov 7 4:00 PM EST

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To: goldsnow who wrote (4239)	12/14/1997 1:47:00 PM
From: Bobby Yellin	Read Replies (3) of 116753

If things were so good why is there such a high rate of bankruptcy? High tech wages have been going ballistic anyways.. I still think most of these government figures are a bunch of something or other..if the average credit card holder has 6500 in debt on the card..the average credit card holder can't buy too much more.. I would really love to see what most of these jobs are that have been created..in other words..I think our great economy has been exaggerated by all..(even that there is no inflation..ho ho)(there are a lot of jobs but how many really good ones..how many Americans are underemployed?underbenefited?underwater? I think consumer confidence has been confused with consumers not worrying as much about losing their jobs rather than a sense of well being..(if people felt so good why in the world have they been mortgaging their houses to buy securities for their retirement) I don't think the Asian problem is temporary but somehow I can't reconcile this increase in all the little capitalists around the world now with a depression on the horizon... I feel like a jerk going against Joseph Battapaglia(sp)(because his track record is so good..and I wish somebody would ask him about the IBM's earnings and the Year 2000) but I can't see how the Dow can go to 10,000 with the Asia collapse and the Year2000 cutting into corporations,especially here, budgeting for that rather than for new equipment..(I am not bullish on multinationals but I guess I think the growth can easily be sustained in our small companies where most of the job growth has occurred and has fueled the recovery?) I never saw how much we exported to SE Asia versus how much we imported..how much we manufactured overthere and exported to the rest of the world..US would obviously save on cheap labor now..if US is a 70 percent service industry anyways..how much is that service here and there..blah blah blah... I guess the USA is self sufficient in resources etc...I guess I currently am viewing SE Asia as a vaporization of some liquidity to fuel the world equity market but that our economy is not dependent on SE Asia.. am I kidding myself? bobby-- please cut down some of my incorrect assumptions..okay?

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